Jefferies Downgrades Stellantis to Hold, Lowers Price Target to $16.44
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philippe Houchois has downgraded Stellantis (NYSE:STLA) from Buy to Hold and lowered the price target from $27.3 to $16.44.
August 07, 2024 | 12:11 pm
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Jefferies analyst Philippe Houchois downgraded Stellantis from Buy to Hold and reduced the price target from $27.3 to $16.44.
The downgrade from Buy to Hold and the significant reduction in the price target from $27.3 to $16.44 by Jefferies is likely to negatively impact Stellantis' stock price in the short term. This reflects a less optimistic outlook from a reputable analyst, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100